5.49%

-18.35%

2008

-34.45%

-37.00%

2.55%

2009

42.05%

26.46%

15.59%

2010

33.03%

15.06%

17.97%

2011

5.56%

2.11%

3.45%

2012

12.91%

16.00%

-3.09%

2013

32.81%

32.39%

0.42%

2014

4.54%

13.69%

-9.15%

2015

-7.23%

1.38%

-8.61%

2016

6.28%

11.96%

-5.68%

2017

5.45%

21.83%

-16.38%

2018 (02/28/2018)

1.87%

1.83%

0.04%

Since Inception

Partners III Opportunity Fund

S&P 500®

Relative Results

Cumulative Return

5,472.51%

3,792.57%

1,679.94%

Average Annual Return

12.26%

11.10%

1.16%

Performance data represents past performance, which does not
guarantee future results. The investment return and the
principal value of an investment in the Fund will fluctuate so that an
investor’s shares, when redeemed, may be worth more or less than the original
cost. Current performance may be higher or lower than the performance data quoted.
Performance data current to the most recent month end may be obtained at weitzinvestments.com.

Returns
assume reinvestment of dividends and redemption at the end of each period, and
reflect the deduction of annual operating expenses, which as stated in the most
recent Prospectus are 1.80% of the Fund’s Institutional Class net assets.
Returns also include fee waivers and/or expense reimbursements, if any; total
returns would have been lower had there been no waivers or reimbursements.

On
the last business day of 2005, the Fund succeeded to substantially all of the
assets of Weitz Partners III Limited Partnership, (the “Partnership”). The
investment objectives, policies and restrictions of the Fund are materially
equivalent to those of the Partnership, and the Partnership was managed at all
times with full investment authority by the Investment Adviser. The performance
information includes performance for the Partnership. The Partnership was not
registered under the Investment Company Act of 1940 and, therefore, was not
subject to certain investment or other restrictions or requirements imposed by
the 1940 Act or the Internal Revenue Code. If the Partnership had been
registered under the 1940 Act, the Partnership’s performance might have been
adversely affected.

Index
performance is hypothetical and is shown for illustrative purposes only.
Comparative returns are the average returns for the applicable period of the
reflected indices. The S&P 500® is an
unmanaged index consisting of 500 companies generally representative of the
market for the stocks of large-size U.S. companies. The Russell 3000® Index measures
the performance of the largest 3,000 U.S. companies representing approximately
98% of the investable U.S. equity market. The Russell 3000® Value Index
measures the performance of the broad value segment of the U.S. equity value
universe. It includes those Russell 3000 companies with lower price-to-book
ratios and lower forecasted growth values. Russell Investment Group is the
source and owner of the trademarks, service marks and copyrights related to the
Russell Indices. Russell® is the trademark of Russell
Investment Group.

Portfolio composition is subject
to change at any time. Current and future portfolio holdings are subject to
risk.

Investors
should consider carefully the investment objectives, risks, and charges and
expenses of the Fund before investing. The Fund’s Prospectus contains this and other information about the Fund and should be read carefully
before investing. The Prospectus is
available from Weitz Investment Management, Inc. Weitz Securities, Inc. is the
distributor of the Weitz Funds.

Information provided on this website is intended only for persons who are eligible to purchase U.S.-registered investment funds. Nothing contained on this website should be considered a solicitation to buy or an offer to sell shares of any of the Weitz Funds in any jurisdiction where such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

The Weitz Funds are offered only by our
Prospectus.
Our
Prospectus
contains more complete information concerning the management fees and expenses of the Weitz Funds. Please read the Prospectus carefully before you invest or send money. Remember that there can be no assurance that the investment objective of any mutual fund will be achieved.

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